Zacks Research Has Negative Estimate for AMP Q4 Earnings

Ameriprise Financial, Inc. (NYSE:AMP) – Investment analysts at Zacks Research decreased their Q4 2024 earnings per share estimates for shares of Ameriprise Financial in a report issued on Tuesday, November 12th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $8.87 for the quarter, down from their previous estimate of $9.03. The consensus estimate for Ameriprise Financial’s current full-year earnings is $34.46 per share. Zacks Research also issued estimates for Ameriprise Financial’s Q1 2025 earnings at $8.84 EPS, Q2 2026 earnings at $10.33 EPS, Q3 2026 earnings at $10.63 EPS and FY2026 earnings at $41.55 EPS.

A number of other analysts also recently issued reports on AMP. UBS Group lifted their price target on Ameriprise Financial from $490.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods increased their price target on shares of Ameriprise Financial from $475.00 to $510.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Morgan Stanley lifted their target price on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. The Goldman Sachs Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $485.00 to $476.00 in a research report on Thursday, September 26th. Finally, Royal Bank of Canada boosted their price objective on shares of Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $487.67.

Ameriprise Financial Trading Up 0.2 %

Shares of AMP opened at $562.44 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $54.57 billion, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 0.97 and a beta of 1.34. Ameriprise Financial has a fifty-two week low of $342.96 and a fifty-two week high of $569.47. The business has a 50-day moving average of $496.55 and a 200 day moving average of $452.66.

Ameriprise Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Monday, November 4th. Ameriprise Financial’s payout ratio is 22.73%.

Insider Transactions at Ameriprise Financial

In related news, insider Gumer Alvero sold 2,325 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $516.05, for a total value of $1,199,816.25. Following the transaction, the insider now owns 4,669 shares of the company’s stock, valued at $2,409,437.45. This trade represents a 33.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP William Davies sold 8,700 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $442.07, for a total value of $3,846,009.00. Following the completion of the sale, the vice president now owns 13,199 shares of the company’s stock, valued at $5,834,881.93. The trade was a 39.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,415 shares of company stock valued at $15,829,445 over the last quarter. 0.73% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ameriprise Financial

A number of large investors have recently made changes to their positions in AMP. Concurrent Investment Advisors LLC acquired a new position in Ameriprise Financial during the first quarter valued at $217,000. Orion Portfolio Solutions LLC lifted its position in shares of Ameriprise Financial by 3.6% during the 1st quarter. Orion Portfolio Solutions LLC now owns 7,377 shares of the financial services provider’s stock valued at $3,235,000 after buying an additional 254 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Ameriprise Financial by 18.6% in the 1st quarter. JPMorgan Chase & Co. now owns 3,844,165 shares of the financial services provider’s stock worth $1,685,436,000 after acquiring an additional 603,267 shares in the last quarter. TIAA Trust National Association increased its stake in shares of Ameriprise Financial by 3.0% during the first quarter. TIAA Trust National Association now owns 3,062 shares of the financial services provider’s stock worth $1,343,000 after purchasing an additional 88 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new stake in Ameriprise Financial during the 1st quarter worth approximately $1,515,000. 83.95% of the stock is owned by institutional investors and hedge funds.

About Ameriprise Financial

Ameriprise Financial, Inc, together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.